ARK arbitrage explained
Right now ARK trades on 7 venues we scan: 7 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on KuCoin perp at $0.2177 and the highest bid on Bybit perp at $0.2192.
The widest ARK perpetual spread is between KuCoin and Bybit: long ARK on KuCoin at $0.2177 and short on Bybit at $0.2192 for +0.67% gross, or +0.51% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.387% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best ARK route is to buy spot on Binance and short the perpetual on Bybit: +0.16% gross, -0.04% net, with -0.881% a day of funding on the short leg.
Spot–spot ARK arbitrage (buy on Binance, withdraw, deposit and sell on Gate) shows -0.01% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small ARK gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: ARK funding rates · ARK spread charts · ARK price · arbitrage scanner for all coins.